“Lease” and the terms “hereof”, “herein”, “hereto” and “hereunder”, when used in this Aircraft
Lease Agreement, shall mean and include this Aircraft Dry Lease Agreement as the same may from time to time be amended, modified or supplemented. 

 “Lessor’s Cost” shall mean the total amount paid by the Lessor for the Aircraft. 

 “Lessor’s
Liens” shall mean any mortgage, pledge, lien, security interest, charge, encumbrance, financing statement, title retention, taxes or any other right or claim of any person claiming through or under Lessor other than the interest of the
Lessor as Owner and Lessor of the Aircraft hereunder. 

 “Liens” shall mean any mortgages, pledge, lien, security interest,
charge, encumbrance, financing statement, title retention or any other right or claim of any person with respect to the Aircraft, other than any Lessor’s Liens or Permitted Liens. 

 “Loss Payment Date” shall mean with respect to the Aircraft the date on which payment, as described in Section 15(b) hereof, is
made to the Lessor by the Lessee as the result of an Event of Loss with respect to the Aircraft. The Loss Payment Date shall be within one hundred twenty (120) days of the Rent Payment Date immediately following said Event of Loss. 


“OFAC” means the Office of Foreign Assets Control, Department of the Treasury. 

  


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